HomeMy WebLinkAbout10/19/2005 - STAFF REPORTS (22) ;off ?ALM SA?
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DATE: October 19, 2005 CONSENT CALENDAR
;SUBJECT: AIRPORT CAPITAL PROJECTS, FAA AIP GRANT NO. 39, 5% LOCAL
FUNDING MATCH, $118,900 BUDGET AMENDMENT
FROM: David H. Ready, City Manager
BY: Department of Aviation
SUMMARY
The construction project to rehabilitate the commuter apron for new and larger regional
jets to support the new regional terminal building has been priced at $2,378,000,
including engineering. The City accepted FAA AIP Grant No. 39 in September 2005 to
fund 95% of this project with a 5% local match requirement. The amount of AIP No. 39
is $2,259,100 and local match funding of $118,900 is required. The 5% local match
funding required for AIP Grant No. 39 was omitted from the FY2005/2006 budget. This
budget amendment request will transfer funding into the Airport's Capital Project
account and allow funding of the project to proceed. Funds are available in the Airport
F=und's Retained Earnings.
RECOMMENDATION:
Adopt Resolution No. , "A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR
2005-2006."
STAFF ANALYSIS:
E=arlier this year when budget preparations were taking place, commuter apron
rehabilitation funding had not been resolved and therefore the 5% local match funding
was not included in the FY2005-06 budget. The FAA has now allocated funding for
commuter apron rehabilitation under AIP 39 and 5% local funding is now required to
begin funding the construction project. Funds are available in the Airport Fund's
Retained Earnings.
ITEM NO.
City Council Staff Report
(October 19, 2005) --Page 2
Budget Amendment—Airport Capital Projects
FISCAL IMPACT:
There are sufficient funds in the Airport Fund's Retain Earnings Account 29302 to cover
this transfer.
Cr�ajgmGraves — Finance Director
ichard S. Walsh, A.A. Director of Aviation T'�,y Butzlaff, -A s tant City Manager
David H. Ready, City an '-
Attachment: /
Resolution
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM SPRINGS, CALIFORNIA,
AMENDING THE BUDGET FOR FISCAL YEAR
2005-2006
WHEREAS, Resolution 21283 approving the budget for the fiscal year 2005-06
was adopted on June 8, 2005; and
WHEREAS the City Manager has recommended, and the City Council desires to
approve, certain amendments to said budget.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY
RESOLVE AS FOLLOWS:
SECTION 1. ADDITIONS
Fund Activity Account Amount
415 Airport 6400 Airport 56-XXX AIP 39 $118,900
Development
Purpose: To amend FY 2005-06 budget
SECTION 2. SOURCE
Fund Activity Account Amount
415 Airport N/A 29302 Retained $118,900
Earnings
ADOPTED THIS 19th day of October 2005.
David H. Ready, City Manager
ATTEST:
James Thompson, City Clerk
Resolution No.
Page 2
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF PALM SPRINGS )
I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that
Resolution No. is a full, true and correct copy, and was duly adopted at a
regular meeting of the City Council of the City of Palm Springs on October 19,
2005, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
James Thompson, City Clerk
City of Palm Springs, California